/site-files/aviationweek.com/files/uploads/2014/10/bav_10_20_2014_honeywell.pdf Despite a dip in near-term purchase expectations, Honeywell Aerospace believes new aircraft models and long-term regional growth will help create a market for 9,450 new business jets valued at $280 billion through 2024.
Textron’s Aviation segment continues to reflect the gains from the Beechcraft acquisition with revenues up $487 million in the third quarter, $398 million of which comes from the former rival manufacturer. But the costs of the acquisition are still being felt with a $13 million in reductions from acquisitions of Beechcraft inventory and company restructuring.
GE Capital Aviation Services (Gecas) has announced it plans to acquire helicopter-leasing specialist Milestone Aviation Group in a takeover valued at $1.775 billion. The deal, announced on Oct. 13, is likely to shake up the fledgling helicopter-leasing business that was essentially re-booted in 2010 by the formation of Milestone, led by former NetJets CEO Richard Santulli. The takeover is subject to closing conditions and regulatory approvals, but both parties hope to close in 2015.